08/03/11
Marketplace Morning Report for Wednesday, August 3, 2011
Episode Description:
Marketplace Morning Report for Wednesday, August 3, 2011
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The biggest series of cyber attacks in history
Computer security firm McAfee claims that more than 70 groups, including the U.S. government and the International Olympic committee, have had confidential data stolen during a five-year cyber attack campaign by a single organization
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Jobs, debt, cuts all work against an economic recovery
Richard Dekaser on the possibility of another recession, and the reality of what he calls our current 'growth-recession'
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Deciphering mixed job data
A couple of jobs reports out today could be an optimistic bit of news heading into Friday, when we get the Labor Department's all-important July employment report
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New regulations mean banks lose workers
Job cuts announced by HSBC, Barclays and others already total close to 50,000 globally. Why so much pain in the financial sector? From London, Marketplace's Stephen Beard reports.
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Layoffs pick up, employment hopes dim
Employment executive John Challenger explain why sectors that had been seeing fairly few layoffs -- unexpectedly lost jobs in July
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Canadian crude -- oil, that is
Oil from the Canadian oil sands has become big business in the Midwest, boosting the economy by creating jobs. But some say those jobs come at a cost.
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Egypt's very own 'trial of the century'
How does the trial of former leader Hosni Mubarak threaten Egypt's already soft economy?
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Italy back on the hot seat in European debt crisis
One day after the U.S. averted a possible default, political problems are scaring global investors away from Spain, Italy -- and the U.S.
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President Obama signed the debt deal -- but that can't fix the economy
Deep spending cuts could hamper economic growth, and some analysts say the debt deal may actually spook investors, rather than reassure them
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Pending a takeover, Clorox's multiple brands come into question
Besides selling bleach, Clorox also owns Glad trash bags and Hidden Valley salad dressing, among others. Analysts say those brands might do better if they were sold off
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Air quality advisories becoming standard practice in cities
During hot, stagnant summer weather, cities face the difficult task of promoting both safety and environmental friendliness.
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Food stamps: An economic indicator of things to come?
Jim Weill of the Food Research and Action Center says a record number of Americans are on food stamps, and government cutbacks won't directly impact the program until 2013
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